As Bahrain foreign company registration process the following steps should go through :
Note: We provide company registration service in Bahrain for foreigner.
More discussion on new company registration process in Bahrain for foreigner
Plan of economic development
The Kingdom of Bahrain collectively expressed an interest in accelerating economic development in October 2008 when King Hamad bin Isa Al Khalifa launched Bahrain's "Economic Vision 2030" plan to foster commerce. The Bahrain Investors Center (BIC), a dedicated agency within the Kingdom's Ministry of Industry, Commerce, and Tourism is tasked with attracting business in conjunction with the semi-private Bahrain Economic Development Board. The Bahrain Economic Development Board's international representatives are available as the first point of contact for foreign commercial entities.
Company Commercial Registration
Representatives of general partnerships and corporations seeking to do business in the Kingdom of Bahrain should provide the completed Company Commercial Registration (CCR) application form, available online for citizens of GCC countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE) through the Sijilat Commercial Registration Portal and at the BIC, located on the second floor of the Harbor Gate building in Manama, Bahrain for Bahrain foreign company registration.
Company Registration Requirements
Requirements of company registration in Bahrain include power of attorney for a registered agent if one is enlisted, drafts of the Memorandum and Articles of Association, the Declaration (if the application is for a one-person company), or a resolution from a board of directors, in addition to a commercial lease agreement obtained by the municipality’s representative at the BIC (in place of a lease agreement, the address of the representative law firm can be used for up to three months). Applications should also include copies of any commercial agency, distribution, franchise, or licensing agreements.
Foreign applicants should also include a copy of their passport and visas in addition to an auditor’s report and a reference from a licensed bank anywhere in the world, or from any of the financial auditors and law firms within the Kingdom.
Time frame of company registration in Bahrain
As Bahrain foreign company registration process applications at the BIC can be completed within a few working days but approvals must be obtained from various ministry representatives, each of which require between one and three working days. The local municipality requires three working days to approve a lease agreement and the ministry requires one working day for the preliminary approval of a commercial registration, for which a lease agreement is a prerequisite.
Upon obtaining the lease approval from the municipality and the required preliminary approval from the ministry, the memorandums and articles should be notarized by the Ministry of Justice’s representative at the BIC. Prior to issuance of the certificate of registration by the BIC, an account must be opened at a commercial bank based within the Kingdom and a capital deposit certificate issued.
With the capital deposit certificate, a lease agreement approved by the municipality, and the memorandum of association notarized, the BIC will then issue the commercial registration certificate within one working day. The commercial registration of a company is completed when the certificate is issued, after which the newly minted company is obligated to publish its incorporation notice in the official gazette and register itself and its employees with the General Organization for Social Insurance (GOSI).
Other obligation of commercial registration
Commercial registration in the Kingdom of Bahrain is also available online to GCC citizens. Sole proprietors should include the completed Individual Commercial Registration (ICR) and commercial name application forms, available at the BIC. Applicants should also include copies of their Central Population Registry (CPR) identification card, passport, a proof of residency within the Kingdom such as copies of a rental contract, and if the applicant is employed: a signed "no objection" certificate (NOC) provided by the employer.
An additional consideration for married female applicants, as described by the World Bank, would be a signed approval from the husband to leave the residence, as the Kingdom's family law entails forfeiture of alimony if the applicant leaves home without permission.
Joint Stock Company in Bahrain
To register such organization number of directors shall be ensured three to twelve with holding local shares fifty one percent of the whole numbers;
Branch Office Open in Bahrain
S & F CONSULTING FIRM LIMITED
Email us: contact at sfconsultingbd dot com
Manama, Bahrain